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  • #501
  • Oct 9, 2009 2:15am Oct 9, 2009 2:15am
Okay, I messed up badly on Wednesday reading the trend correctly.
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  • #502
  • Oct 9, 2009 2:17am Oct 9, 2009 2:17am
Here is what I see for today, the problems related to taking the trades.

Chart1:
We should be attenpting 1.59459 level today, the problems getting there is listed in chart 2 and 3

Chart 2:
Daily support marked by daily xpma comes in at 1.59956 and forms a strong support.

Chart 3:
Monthly support marked by monthly fib level 23.6 comes in at 1.59990

So, in the presence of such strong support levels, it becomes rather tough for GU to tank

I however, see a tendency to go up on the daily chart, but this needs one more daily candle to confirm.
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  • #503
  • Oct 9, 2009 2:23am Oct 9, 2009 2:23am
Quoting forexlion
Here is what I see for today, the problems related to taking the trades.

Chart1:
We should be attenpting 1.59459 level today, the problems getting there is listed in chart 2 and 3

Chart 2:
Daily support marked by daily xpma comes in at 1.59956 and forms a strong support.

Chart 3:
Monthly support marked by monthly fib level 23.6 comes in at 1.59990

So, in the presence of such strong support levels, it becomes rather tough for GU to tank

I however, see a tendency to go up on the daily chart, but this needs one more daily...
My problem:

 

  1. I cannot short GU here, too strong supports
  2. I cannot long here, 1 hour is downtrend.
  3. So, we just hang around with a lollipop.

  • #504
  • Oct 9, 2009 4:18am Oct 9, 2009 4:18am
Quoting forexlion
My problem:

 

  1. I cannot short GU here, too strong supports
  2. I cannot long here, 1 hour is downtrend.
  3. So, we just hang around with a lollipop.

with 1.6 gone, there is no support anymore, till 1.59
  • #505
  • Oct 10, 2009 1:43am Oct 10, 2009 1:43am
could anyone tell me which broker from this list has a 0.01 lot size trading @ 1 cent per pip. i need this info at the earliest.
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  • #506
  • Oct 10, 2009 2:15am Oct 10, 2009 2:15am
i have an account with activtrades and they have 0.01 lot size. i can recommend them, they are by far the best mt4 broker i have met, great execution, good customer care etc.


Quoting forexlion
could anyone tell me which broker from this list has a 0.01 lot size trading @ 1 cent per pip. i need this info at the earliest.
  • #507
  • Oct 10, 2009 3:24am Oct 10, 2009 3:24am
How is the spread for majors, rocroy?
  • #508
  • Oct 10, 2009 7:04am Oct 10, 2009 7:04am
Quoting Rocroy
i have an account with activtrades and they have 0.01 lot size. i can recommend them, they are by far the best mt4 broker i have met, great execution, good customer care etc.
sorry to say but, i checked both activ and alpari and their data feed is corrupt

fib levels give totally skewed results

i need a broker from that list that allows 0.01 and has the same data feed as that of fxpro.

see chart, how accurate fxpro is

but sadly fxpro does not have 0.01
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  • #509
  • Oct 10, 2009 7:59am Oct 10, 2009 7:59am
Quoting forexlion
sorry to say but, i checked both activ and alpari and their data feed is corrupt

fib levels give totally skewed results

i need a broker from that list that allows 0.01 and has the same data feed as that of fxpro.

see chart, how accurate fxpro is

but sadly fxpro does not have 0.01
Hi lion,

thats not correct what you say, the datafeed from alpari is correct!

but you say your pivot are wrong, thats coz pivot you calculate at the timeframe and the broker time from alpari is different to fxpro, many broker have different brokertime and in mt4 you can't change the time!

solution:
you can use some broker with different time if you can change the time in your indicator. thats many time dependents indicator allow, coz every serious trader and programer know this prob at mt4.

btw
it is a ? what time is correct to calculate pivot, for me the time the most trader-volume agree, so for europe may gmt +2 and for ny session may EST

have a good one

cheers
  • #510
  • Oct 10, 2009 9:15am Oct 10, 2009 9:15am
MBT is an ECN Broker and just made MT4 available for their clients. They do allow .01 lots, but the broker time is entirely different from my other account with fxpro so for example, the H4 and Daily candles may look very different from fxpro.

Why you want to open a micro account? I thought you were an established trader with a huge account

Anyways, I value your insight being the veteran that you are.
  • #511
  • Oct 11, 2009 9:34am Oct 11, 2009 9:34am
if 1.57780 holds out as support, i will prefer to go long all the way to 1.80870

this is in direct defiance of what malcolmb is posting as target levels

and i will prefer not to trade on monday, as it will be maximum noise day
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  • #512
  • Oct 11, 2009 9:38pm Oct 11, 2009 9:38pm
Quoting forexlion
if 1.57780 holds out as support, i will prefer to go long all the way to 1.80870

this is in direct defiance of what malcolmb is posting as target levels

and i will prefer not to trade on monday, as it will be maximum noise day
hey monday only london boys move the markets, rest will be sleeping, so i guess we only got london session worth trading
  • #513
  • Oct 11, 2009 9:40pm Oct 11, 2009 9:40pm
Quoting forexlion
hey monday only london boys move the markets, rest will be sleeping, so i guess we only got london session worth trading
FE123.6 is my target for the short, should bounce from somewhere close to it.

should it bounce, i will go log heavily
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  • #514
  • Oct 11, 2009 10:17pm Oct 11, 2009 10:17pm
FE123.6 ???
  • #515
  • Oct 11, 2009 10:29pm Oct 11, 2009 10:29pm
Quoting RRforex
FE123.6 ???
Look at the chart: Fibonacci Extension 123.6 @ 1.57960.
  • #516
  • Oct 11, 2009 10:39pm Oct 11, 2009 10:39pm
I see the 123.6 level.... Sorry
  • #517
  • Oct 11, 2009 10:40pm Oct 11, 2009 10:40pm
Thanks my friend, some time my brain gets stock...
  • #518
  • Oct 11, 2009 11:27pm Oct 11, 2009 11:27pm
Now i am long for FE61.8 1.6

London boys will come and gang bang the dollar
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  • #519
  • Oct 11, 2009 11:40pm Oct 11, 2009 11:40pm
Quoting forexlion
Now i am long for FE61.8 1.6

London boys will come and gang bang the dollar
this chart is bare bone for the trendline masters to see where my long exits are, and what do they mean in terms of S/R
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  • #520
  • Oct 12, 2009 3:34am Oct 12, 2009 3:34am
Quoting forexlion
this chart is bare bone for the trendline masters to see where my long exits are, and what do they mean in terms of S/R
lol, stop gawking, all of these trades closed in green , just below target 1, when i saw the turn on 5 min charts
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